Micro Technologies India Ltd CEO Ganapathy V said, "The growth has been due to a combination of domestic as well as international factors. The company saw good growth from markets in the Middle-East, South-East and the US."

"We are looking to expand our retail business and would be launching bio-metric and video surveillance systems for infrastructure sector, which included both the government and commercial space," he added.

Shares of the company closed at Rs 145.50 apiece on the BSE, down 0.92% from its previous close.